This is an issue that has been going on for years - at first I thought it was a bug, but it’s been here so long and is so prominent that maybe it’s intentional?
Belts on dwarf ladies and weapons on goblins when unsheathed are HUGE. Stupid huge. Some shields on my goblin lass are significantly bigger than she is when unsheathed, and the belts on my dwarf gals would be literally impossible to run in, magic or no magic. These things take up like half her body and stick out sometimes the width of her head.
Might we see some adjustment of these in the near future?